How Do Variable Rate Annuities Work?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Variable annuities (VA)s are a security under FINRA and an insurance product under the department of insurance. VAs have two account types: the general interest rate account and the separate sub account that uses equity and bond investments. VAs have internal charges that are paid from the contributions of the policy owner and any crediting or debiting of the accounts are applied, i.e. you can lose make or lose money.

   Answered on July 26, 2013

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